DoubleVerify Holdings, Inc. (NYSE:DV) Given Average Rating of “Moderate Buy” by Brokerages

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) have been assigned a consensus rating of “Moderate Buy” from the eighteen brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $42.50.

Several research analysts have issued reports on DV shares. BMO Capital Markets restated an “outperform” rating and set a $42.00 price target (down previously from $44.00) on shares of DoubleVerify in a report on Friday, March 1st. Macquarie raised shares of DoubleVerify from a “neutral” rating to an “outperform” rating and set a $40.00 price target on the stock in a report on Monday, March 11th. Wells Fargo & Company cut their price target on shares of DoubleVerify from $44.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, March 1st. Truist Financial decreased their price target on DoubleVerify from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. Finally, Barclays decreased their price objective on shares of DoubleVerify from $43.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, February 29th.

Insider Transactions at DoubleVerify

In other DoubleVerify news, insider Andrew E. Grimmig sold 50,924 shares of DoubleVerify stock in a transaction on Monday, March 18th. The stock was sold at an average price of $33.51, for a total value of $1,706,463.24. Following the sale, the insider now owns 39,468 shares in the company, valued at $1,322,572.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Andrew E. Grimmig sold 50,924 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $33.51, for a total transaction of $1,706,463.24. Following the completion of the transaction, the insider now directly owns 39,468 shares of the company’s stock, valued at approximately $1,322,572.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Nicola T. Allais sold 5,364 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $32.80, for a total value of $175,939.20. Following the transaction, the chief financial officer now directly owns 73,030 shares of the company’s stock, valued at $2,395,384. The disclosure for this sale can be found here. Insiders have sold 91,531 shares of company stock valued at $3,043,004 over the last ninety days. Insiders own 3.27% of the company’s stock.

Institutional Trading of DoubleVerify

A number of large investors have recently made changes to their positions in DV. Oak Thistle LLC acquired a new stake in shares of DoubleVerify in the 3rd quarter worth approximately $732,000. Ellsworth Advisors LLC acquired a new stake in DoubleVerify during the 3rd quarter valued at $371,000. Harbor Capital Advisors Inc. grew its holdings in DoubleVerify by 41.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,658 shares of the company’s stock valued at $661,000 after buying an additional 6,980 shares during the last quarter. Xponance Inc. grew its holdings in DoubleVerify by 9.0% during the 3rd quarter. Xponance Inc. now owns 17,246 shares of the company’s stock valued at $482,000 after buying an additional 1,418 shares during the last quarter. Finally, Maryland State Retirement & Pension System grew its holdings in DoubleVerify by 27.6% during the 3rd quarter. Maryland State Retirement & Pension System now owns 55,130 shares of the company’s stock valued at $1,541,000 after buying an additional 11,909 shares during the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

DoubleVerify Stock Performance

NYSE:DV opened at $30.14 on Friday. DoubleVerify has a 52 week low of $26.23 and a 52 week high of $43.00. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 73.51, a P/E/G ratio of 3.26 and a beta of 1.04. The firm’s 50-day simple moving average is $33.93 and its 200 day simple moving average is $34.15.

DoubleVerify (NYSE:DV) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The firm had revenue of $172.23 million for the quarter, compared to the consensus estimate of $171.85 million. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. Sell-side analysts anticipate that DoubleVerify will post 0.36 EPS for the current year.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, and data analytics in the United States and internationally. The company provides solutions to advertisers that enable advertisers to increase the effectiveness and quality and return on their digital advertising investments.